| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Euro has been appreciating against the Russian Ruble since the beginning of November. This movement has been bounded within the rising wedge pattern. Currently, the EUR/RUB currency pair is testing the upper pattern line at 71.20.
From a theoretical point of view, it is likely that a reversal south could occur, and the exchange rate could continue to trade within the given pattern within the following trading sessions.
However, note that the currency pair is supported b the 55-, 100– and 200-moving averages. Therefore, it is likely that a breakout north could occur in the nearest future. A possible upside target is the monthly R1 at 71.65.